Article

2008-12-16 Home Front Economy

Federal Reserve sets stage for Weimar-style Hyperinflation

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by tipper 2008-12-16 07:34|| || Front Page|| [2 views ] Top

#1 He puts out a lot of old news, but his assumptions are not the best.

The subprime collapse is soon to be more than doubled by the ARM and Alt*A mortgage collapses, and while Obama might try to nationalize the US debt, there is no conceivable way for him to do so to all US credit supplies.

Even Obama cannot order banks to l*an money they don't have, to support imaginary leverage accounts. That is, proportionally, demanding that a casin* worth $10M cover the bet of a poor gambler for $100B. Not going to happen.

(*) means trying to avoid the filter.

Posted by Anonymoose 2008-12-16 09:17|| 2008-12-16 09:17|| Front Page Top

#2 WARNING: Gold Bug selling gold.

Posted by Bright Pebbles 2008-12-16 09:51|| 2008-12-16 09:51|| Front Page Top

#3 Yes, a bit high on drama. Hopelessly bleak as it is, and lacking anything more difinitive from the gov't, I'll give his assessment some credence. Examining or at least being made aware of potential worst case scenarios is always a wise approach.

Posted by Besoeker 2008-12-16 10:01|| 2008-12-16 10:01|| Front Page Top

#4 The bad news about ARMS is nothing recent. That news is so old it's forgotten. Which makes it useful to panic about all over again.

Run for the hills. There's no banks or birds there.

Posted by Mike N. 2008-12-16 10:19|| 2008-12-16 10:19|| Front Page Top

#5 Dump Gold Nao!
When TSHTF you will want Whiskey, FishHooks, and small hand wipes tastefully done. Also remember to stock up on Hollerith Cards, these are no longer made because of the high cost associated with there use, but in a bad situation, nothing can beat the real deal of non-virtual data storage. This is not some leveraged data thing off in no-where land... this is honest, hold it in your hand BYTES!

Posted by .5MT 2008-12-16 19:10|| www.cybernations.net]">[www.cybernations.net] 2008-12-16 19:10|| Front Page Top

#6 WARNING: Gold Bug selling gold

Spot on! Gold (and other commodities) are a lousy hedge against deflation.

Posted by DMFD 2008-12-16 21:34|| 2008-12-16 21:34|| Front Page Top

23:53 tu3031
23:30 rjschwarz
23:26 Frank G
23:21 rjschwarz
22:54 Alaska Paul
22:45 USN,Ret.
22:40 JosephMendiola
22:33 bigjim-ky
22:30 bigjim-ky
22:29 JosephMendiola
22:25 bigjim-ky
22:22 bigjim-ky
22:18 JosephMendiola
22:17 bigjim-ky
22:12 JosephMendiola
22:11 bigjim-ky
22:09 USN,Ret.
22:06 JosephMendiola
22:03 JosephMendiola
22:01 no mo uro
21:55 bigjim-ky
21:53 mhw
21:43 Pliny Angavitle1111
21:40 lotp